GreenShift Plans to Have Its Method II Corn Oil Extraction System Operating by Years End
ALPHARETTA, Georgia, Jun. 14 - /EWire/ --
GreenShift Corporation (OTCQB: GERS) today announced it plans to have its first method II oil recovery system operational by years end. This technology, which GreenShift refers to as COES II (corn oil extraction system, method II), is capable of recovering more than 1.33 pounds of corn oil per bushel of corn.
GreenShift invented and patented the backend corn oil extraction process widely used today in the industry. The successful commercialization of COES II is expected to widen the gap between GreenShift and its competitors. While many of GreenShift’s installations are currently recovering more than 0.8 pounds per bushel, the desire for additional recovery grows each day.
David Winsness, GreenShift’s Chief Technology Officer, said, “We recently attended the Fuel Ethanol Workshop in Minneapolis, MN and are pleased to report that Backend Corn Oil Extraction remains the fastest path to increased revenue per bushel of corn. The COES I technology has demonstrated its ability to increase the revenue at an ethanol production facility by more than 20 cents per bushel of corn and COES II is expected to further increase this value to more than 40 cents per bushel. These values are significant and provide a substantial competitive advantage to GreenShift licensees.
GreenShift’s technical services staff are available at 888-ETHANOIL or firstname.lastname@example.org to respond to quotation requests and to answer any questions about GreenShift’s corn oil extraction and other technologies.
About GreenShift Corporation
GreenShift Corporation develops and commercializes clean technologies designed to address the financial and environmental needs of GreenShift’s clients by decreasing raw material needs, facilitating co-product reuse, and reducing the generation of wastes and emissions. Additional information on GreenShift and its technologies is available online at www.greenshift.com.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of GreenShift Corporation and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully, and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
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